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Mr. Li, in an online chat, said the book was no exaggeration.

“The real financial battle is even more dramatic than my book, according to my knowledge of the markets,” he said. “Goldman Sachs is the hand behind the financial crisis, maybe even its cause.” He soon plans to publish a third book about the company.

The conspiracy genre and dramatized accounts of scandals are popular in China, as in many markets. China’s government exerts strong control over the news media and broadcasters, but the book publishing industry has a bit more leeway for commentary, particularly when the targets are not Communist Party officials.

The Chinese-language book also accuses Goldman Sachs of involvement in the recent Dubai and Greek debt debacles and the wider European financial and fiscal crises.

To buttress its myriad allegations, the book notes well-known links between former top Goldman Sachs executives, such as former U.S. Treasury Secretary Henry M. Paulson Jr., and government officials in the U.S. and other countries.

It includes copies of what appear to be U.S. court documents. They include a complaint against Goldman Sachs and Fabrice Tourre, a Goldman vice president accused of shepherding a deal at the center of Securities and Exchange Commission charges that the company sold mortgage securities without telling buyers that they had been created with input from a client that was betting on them to fail.

Last month, a U.S. federal judge approved a settlement calling for Goldman Sachs & Co. to pay $550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments. In the settlement, Goldman acknowledged that its marketing materials for the deal omitted important information for buyers.

The penalty was the largest against a Wall Street firm in SEC history. But the settlement amounts to less than 5 percent of Goldman’s 2009 net income of $12.2 billion after payment of dividends to preferred shareholders — or a little more than two weeks of net income.